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Lluvia De Bendiciones Group
In this Group: Blanca Rosa, Tatiana , Miriam, Darling Del Carmen

Update on Lluvia De Bendiciones Group

This group is made up of four enterprising members, one of whom is 45-year-old Blanca, who is married with two grown-up children of 22 and 20. She has been running her grocery shop for more than 5 years with the help of her children. She will use the loan to buy grains such as rice, beans, sugar, oil, salt, toilet paper, beef, chicken, dairy products, popular pharmaceutical products, snacks, various soft drinks, ordinary bread and sweet bread, as well as bales of used clothing.

Tatiana, who is 23, sells Avon cosmetics and new clothing, Miriam, who is 53, sells silver jewellery and 28-year-old Darling sells motorcycle parts.
View original language description ↓
Grupo formado por cuatro socias empresarias una de ella es Blanca mujer de 45 años, casada con dos hijos mayores de 22, 20 años de edad. Su negocio es de una pulpería desde hace mas de 5 años, sus hijos le ayudan en el negocio, este crédito lo invertirá en la compra de productos tales como arroz, frijoles, azúcar, aceite, sal, papel higiénico, carne de res, carne de pollo, productos lácteos, medicamentos populares, chiverías, gaseosas variadas, pan simple, pan dulce, además comprara una paca de ropa usada, Tatiana tiene 23 años su negocio es la venta de cosméticos Avon, ropa nueva, Miriam tiene 53 años de edad y su negocio es la venta de prendas de plata y Darling tiene 28 años de edad y su negocio es la venta de repuestos de motos.

Previous Loan Details

This group was formed by three successful members. One of them is Blanca, who has had a grocery store in her home for five years. She started her business selling general merchandise and with her profits started acquiring grocery products until she was able to set up her store. She's going t... More from Lluvia De Bendiciones Group's previous loan »

Additional Information

About ADIM

Located in Central America, ADIM is a small microfinance institution with a strong social focus. In the saturated microfinance market of Nicaragua, ADIM stands out for its emphasis on the holistic development of women as well as its provision of responsible financial services. Founded in 1989 by a small group of Nicaraguan women, this institution has remained true to its initial goal of providing its clients (90% of which are women) with an opportunity for economic growth, in addition to personal and professional empowerment. Supporting an ADIM borrower means contributing not only to the continued offering of the socially conscious services it provides, but also to the sustainable growth of a truly unique microfinance institution.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Nicaragua

  • $4,800
    Average annual income
  • 91
    View loans »
    Nicaragua Loans Fundraising
  • $24,779,575
    Funds lent in using Kiva
  • 24.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Lluvia De Bendiciones Group's $1,425 loan helped a member to buy grains such as rice, beans, sugar, oil, salt, toilet paper, beef, chicken, dairy products, popular pharmaceutical products, snacks, various soft drinks, ordinary bread, sweet bread and bales of used clothing.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 7, 2013
Listed
Jul 8, 2013
Currency Exchange Loss:
Covered
Ended:
Jan 18, 2014